DAYTON, Ohio & WYOMISSING, Pa.--(BUSINESS WIRE)--Jun. 30, 2014--
Penn National Gaming, Inc. (NASDAQ:PENN) (“Penn National”) announced
today that pending final regulatory approval, Hollywood Gaming at Dayton
Raceway will open its doors to the public on Thursday, Aug. 28, bringing
top-flight gaming and entertainment and an economic boost to Dayton and
the Miami Valley.
“We’re thrilled to be able to set our opening date for this new,
state-of-the-art regional destination offering premier gaming, dining,
racing and entertainment options,” said Tim Wilmott, President and Chief
Executive Officer of Penn National Gaming. “Located in North Dayton and
convenient to both I-75 and I-70, Hollywood Gaming at Dayton Raceway
will provide our guests with a range of memorable experiences in an
exciting, high energy setting.
“In addition, we’re proud of the economic opportunities we’re bringing
to Dayton and the Miami Valley,” Wilmott said. “With nearly 500
permanent employees, we’ll be a significant employer in the region. And
we believe the facility can serve as a catalyst for additional economic
development in the area.”
Gary DeWitt, General Manager of Hollywood Gaming at Dayton Raceway,
said, “We’re already in high gear and look forward to welcoming guests
on August 28 with a unique gaming and entertainment experience for this
region. The building itself is nearing completion, we’re continuing to
build our team, and we anticipate big crowds when we open the doors.
“August 28 will also mark the culmination of a project that has enjoyed
strong support from the community, from elected officials, from our
business partners, from our construction team and from the hundreds of
local construction workers and vendors who are building Hollywood
Gaming. We’re deeply grateful for their efforts, which have been
instrumental in bringing us to this point,” DeWitt said.
Hollywood Gaming at Dayton Raceway will celebrate a second grand opening
on Oct. 3, when harness racing begins on the new 5/8th-mile
all-weather racetrack.
The $250 million development is located at the intersection of Needmore
and Wagner Ford roads in North Dayton. The gaming floor will open with
1,000 Video Lottery Terminals (VLTs) and a wide variety of dining and
entertainment options for patrons. The adjacent racetrack grandstand
includes more than 1,000 enclosed seats and a simulcast theater that
will allow race fans to wager on races at tracks throughout North
America.
Once its doors open on Aug. 28th, Hollywood Gaming at Dayton
Raceway will be open 24 hours a day, seven days a week.
About Penn National Gaming
Penn National Gaming, through its subsidiaries, owns, operates or has
ownership interests in gaming and racing facilities with a focus on slot
machine entertainment. The Company presently operates twenty-seven
facilities in eighteen jurisdictions, including Florida, Illinois,
Indiana, Iowa, Kansas, Maine, Massachusetts, Maryland, Mississippi,
Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas,
West Virginia, and Ontario. In aggregate, Penn National's operated
facilities feature approximately 31,000 gaming machines, 800 table games
and 2,900 hotel rooms.
Forward-Looking Statements
This press release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
statements can be identified by the use of forward looking terminology
such as “expects,” “believes,” “estimates,” “intends,” “may,” “will,”
“should,” “plan” or “anticipates,” or the negative or other variation of
these or similar words, or by discussions of future events, strategies
or risks and uncertainties. Such forward looking statements are
inherently subject to risks, uncertainties and assumptions about Penn
National Gaming and its subsidiaries, including risks related to the
potential construction delays and pending litigation involving the
legality and location of video lottery terminals at tracks and
accordingly, any forward looking statements are qualified in their
entirety by reference to the factors described in Penn National Gaming’s
Annual Report on Form 10-K for the year ended December 31, 2013,
subsequent Quarterly Reports on Form 10-Q and Current Reports on Form
8-K as filed with the Securities and Exchange Commission. All subsequent
written and oral forward looking statements attributable to Penn
National Gaming or persons acting on the Company’s behalf are expressly
qualified in their entirety by the cautionary statements included in
this press release. Penn National Gaming undertakes no obligation to
publicly update or revise any forward looking statements contained or
incorporated by reference herein, whether as a result of new
information, future events or otherwise, except as required by law. In
light of these risks, uncertainties and assumptions, the forward-looking
events discussed in this press release may not occur.
Source: Penn National Gaming, Inc.
Media:
Bob Tenenbaum, 614-313-2315
btenenbaum@themilenthalgroup.com
or
Dee
Mara, 937-329-9828
Dee.Mara2@pngaming.com
